Marc Cuban on Day Trading

[Red_Ink_inc]

Quote from Steve Tvardek:

Bro, I dont hold overnights and I dont ride out long term "trends". I trade intraday up and down, no bias no care which way we go. You obviously do not understand the world of daytrading in its purest form. You think I held positions into a bull market and bought dips??? You've got to be kidding me, my trades last anywhere from secs to 15 minutes at longest.

You dont know how I trade so please do not pretend like you do.

Oh, and as you surely know, as the mkts decline, the volitility picks up providing many more opportunities in the daytrading arena.

Well said Steve. Does anyone else get tired of these morons saying money can't be made day trading? Is it easy? NO. Can it be done? YE$$$

To guys like timvodas and stock_Trad3r/investor. You'll learn more by opening your ears/eyes than you will opening your mouth.

 

[ammo]

maybe he got tired of people lookin for backers to day trade,with his money he could hire someone to do it for him, he probably did and they lost

 

[Steve Tvardek]

Thanks Red, yeah its funny to me these guys. Some people are just very ignorant of the daytrading world in which we operate.

Apparently one can only make money in a rising market

Quote from Red_Ink_inc:

Well said Steve. Does anyone else get tired of these morons saying money can't be made day trading? Is it easy? NO. Can it be done? YE$$$

To guys like timvodas and stock_Trad3r/investor. You'll learn more by opening your ears/eyes than you will opening your mouth.

 

[gnome]

Quote from Tracy McGreedy:

no, the secret to trading is to take monster algorithmic bets with the fed by your side to bail you out.

THAT FED THING... is the definition of "edge".

 

[trader_david]

those rich people of course they do not want to do day trading, they alreday have the money, they do not need work, day trading is a very labor intensive work, they hate it.

but day trading is a sure way toward wealth.

if you have 5k plus 4times buying power, that is 20k, if you make 10 trades in a day with full buying power, then you figure it out:

$$20,000*10*5*52=$52M, we are talking about a $52M sale bussiness!!!!!!!!!!!!! how about 0.5% gain averaging, we are taliking about 260K annual income full time job!


day trading is the most efficent way of cash flow! real estate can not have this kind of cash flow speed!

 

[jumper]

Quote from Sethaholic:

QUESTION: How much time do you spend day-trading?

MARC CUBAN: None, zero. I think only idiots day-trade. Over the last 10 years the business of trading stocks has been very specialized. There is more professional brainpower and money applied to picking stocks than ever before. Anyone who thinks they can beat the market day-trading over the long term is just waiting for their luck to run out.

http://www.midasoracle.org/2007/08/24/marc-cuban-on-day-trading/

I think they just pasted that photo there. The Mr. Cuban that everyone knows has a first name of Mark, not Marc.

 

[rotflmao1]

Don't ever take advice from a guy who spells Mark with a C at the end of it. Or a guy named Geoffrey (for Jeff) these guys are in sexual transition whether they know it or not and really shouldn't be commenting on anything. Trust me I know lots of these types and they all fall apart at some point and go running home to their mothers in a sniveling mess.

 

[trader_david]

MARC CUBAN, you mean this guy, what he is talking about is making you become suckers! forget about him, and focus on your day trading, he will suffer!

 

[Warrior4g]

marc cuban is arrogant and sometimes engages in subjects he knows nothing about. daytrading for example.
as for wealth,its subjective. as long as my family and i are healthy,i pay the bills and save some money while going on one trip a year.

 

[syswizard]

Quote from enforcer99:

marc cuban is arrogant and sometimes engages in subjects he knows nothing about. daytrading for example.
as for wealth,its subjective. as long as my family and i are healthy,i pay the bills and save some money while going on one trip a year.

I'd be willing to bet, he tried it, and lost.
Still, for a longer term trader, he's pretty impressive.
Before he sold his business, he was very active in the market.
I remember emailing him regarding something he said...that was about 8 years ago.